Wall Street Zen Upgrades Energy Services of America (NASDAQ:ESOA) to “Buy”

Energy Services of America (NASDAQ:ESOA) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Energy Services of America in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.00.

Energy Services of America Stock Performance

Shares of ESOA stock opened at $8.61 on Friday. The firm’s 50 day moving average price is $10.06 and its 200-day moving average price is $10.14. Energy Services of America has a one year low of $7.64 and a one year high of $19.83.

Hedge Funds Weigh In On Energy Services of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI acquired a new position in Energy Services of America in the first quarter valued at $166,000. Koss Olinger Consulting LLC acquired a new position in Energy Services of America in the 1st quarter valued at about $503,000. Sierra Summit Advisors LLC acquired a new position in Energy Services of America in the 1st quarter valued at about $598,000. State of Wyoming raised its stake in Energy Services of America by 96.5% during the 1st quarter. State of Wyoming now owns 27,798 shares of the company’s stock valued at $263,000 after acquiring an additional 13,652 shares during the last quarter. Finally, Quarry LP acquired a new stake in Energy Services of America during the 1st quarter worth approximately $36,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.